Category Archives: Economy

IAN McAULEY.  Tuvalu, climate change and Westminster

The conventional wisdom is that Morrison’s intransigence on climate change, which has badly damaged our relations in the Pacific, is due to the arithmetic of his slim parliamentary majority. But why do we have to assume that our two-party “Westminster” … Continue reading

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SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

A regular collection of links to writings and broadcasts in other media

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HAIQING YU. Inside the world of the Chinese shoppers who are unnerving Australians.

Reports on daigou (personal shoppers) in Australia have evoked mixed feelings about Chinese presence and influence in Australian everyday and economic lives.

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CHRISTOPHER SHEIL & FRANK STILWELL. The continuing redistribution of Australia’s wealth, upwards

The recent release of the results of the ABS’s biennial survey of income and wealth met a critical response, perhaps due to a slip-shod press release. The official statistician’s headline read: ‘Inequality stable since 2013-14’. In summary, the ABS announced, … Continue reading

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SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

A regular collection of links to writings and broadcasts in other media

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SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

A regular collection of links to writings and broadcasts in other media

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SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

A regular collection of links to writings and broadcasts in other media

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MICHELLE PINI. Newstart, wage theft and big fat ducks​​​​​​​ (Independent Australia)

“Having a go” just to put food on the table? Unless you’re a well-fed restaurateur or politician, it’s unlikely that you’ll “get a go” from this Government.

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BE SEO. Australia is turning into a car park for dirty vehicles (AFR 15.7.2019)

Australia’s most popular cars emit between 8 and 42 per cent more carbon dioxide than their UK counterparts, raising concerns that the country has become a parking lot for dirty vehicles.  

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SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

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PERCY ALLAN. How to Avoid a Recession – why QI should replace QE

Both the IMF and the OECD say that monetary policy is largely exhausted so fiscal policy should now be used to ramp up economic growth held back by the triple Ds of high Debt, ageing Demographics and disruptive Digitisation (including … Continue reading

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MARTIN WOLF. Legacy of Bretton Woods is under threat (Financial Times 11.7.2019)

Trumpian populism is destroying 70 years of global economic co-operation. What can we put in its place? 

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KIM WINGEREI. Facebook Libra Pitching for World Domination

Facebook’s Libra launch has the potential to propel Facebook into a major player in consumer payments and credit services and may turn out to be one of the most profound change to world’s financial systems since the abolishment of the … Continue reading

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JOHN MENADUE. Here we go again- attacking unions and ‘red tape’.

With no policy agenda and with the economy sagging, the Morrison government(‘We are the good economic managers’) intends to take us back to what Tony Abbott and Joe Hockey offered us six years ago, an attack on the trade unions … Continue reading

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MUNGO MACCALLUM.  Morrison cranks out surplus fetish

Scott Morrison has a new obsession – the budget surplus. In spite of his assurances to the contrary, this has not actually been delivered, and there are growing doubts that it will be – the storm clouds, the head winds … Continue reading

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SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND 

A regular collection of links to writings and broadcasts in other media

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MONIQUE ROSS. Why the Pharmacy Guild is the most powerful lobby group you’ve never heard of (ABC News)

It’s been called the most influential lobby group in Australia, and some believe it has the power to bring down a government if it really flexed its muscle.

Posted in Economy, Health | 1 Comment

MICHAEL KEATING Why the Stage 3 tax cuts will need to be revisited.

In previous articles I argued that Stage 3 of the Government’s proposed tax cuts should be opposed (see Pearls & Irritations, 30 May and 24 June). However, the Government appears to have the numbers to pass its proposed tax cuts … Continue reading

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MIKE BRUCE. No jobs here: Penalty rate cuts fail to fire up employment growth (New Daily)

Jobs growth in the retail and hospitality sectors has more than halved since the introduction of Sunday penalty rates, a new study has revealed.

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JOHN KERIN. Trump’s latest Farm Bill and Implications for Australia’s Farm Exports.

Trump’s trade policies and reaction to the rebound of them has resulted in another increase of $23b subsidisation on top of the $12b supposedly one-off package last year for US farmers who are ‘collateral damage, as a result of his … Continue reading

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BRIAN LAWRENCE. The Government’s tax package and Labor’s response: the perspective of a cleaner

The Government’s tax package is unfair to low paid workers. In response, the Labor Opposition has just announced that it will support Stage 1 of the package, within which is embeded much of that unfairness. How might we reduce the … Continue reading

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ANDREW PODGER. More Carefully Designed, a Stage Three Tax Measure Could Be a Responsible and Genuine Reform

At the time of last year’s budget, I wrote a [1] revealing how neither the Government’s nor the Labor Party’s then proposed tax changes would simplify the personal income tax system or offer genuine long-term reform. This was largely because … Continue reading

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JOHN WILLOUGHBY. Reflections on the average health of average people

I’m writing this, in the concluding years of a career in neurology and neuroscience, concerned for humanity. What do I conclude about the human condition at this time? In a nutshell: we are what we are: overbreeding mammals headed for … Continue reading

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MICHAEL KEATING. Lies, Damned Lies and [tax] statistics.

Last Saturday the Sydney Morning Herald (SMH) published an article, which purported to show that “Middle and high-income earners will face some of the highest tax rates in the English-speaking developed world unless the Morrison government’s $158 billion tax plan … Continue reading

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SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

A regular collection of links to writings and broadcasts in other media

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GAY ALCORN. Call to arms: how can Australia avoid a slow and painful decline? (The Guardian)

Australia has been warned it risks ‘drifting into the future’ if it fails to respond to challenges in a fast-changing world

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ROBIN SMIT, JAKE WHITEHEAD, NIC SURAWSKI. Australians could have saved over $1 billion in fuel if car emissions standards were introduced 3 years ago (The Conversation)

When it comes to road transport, Australia is at risk of becoming a climate villain as we lag behind international best practice on fuel efficiency.

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C.J. POLYCHRONIOU. Noam Chomsky: Trump’s “Economic Boom” Is a Sham (Truthout)

Donald Trump ran a campaign — and won the 2016 presidential election — based on unorthodox tactics, whereby he used irrational provocation to defy traditional political norms and make a mockery of established beliefs on both domestic and international issues … Continue reading

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SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND  

A regular collection of links to writings and broadcasts in other media

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KATE FINLAYSON and TIM BUCKLEY. Queensland government about to make poor economic decision on Adani mine.

Following the Labor party’s defeat in May’s general election, the Queensland Labor government seems keen to approve the development of the Adani thermal coal mine as quickly as possible. However, a report released this week by the Institute for Energy … Continue reading

Posted in Economy, Environment and climate, Politics | 6 Comments